Takafulink Single Invest
All about making your money work harder and smarter.
If you're looking for a means to invest your hard earned money, look no further than Takafulink Single Invest Plan. The Takafulink Single Invest Plan is ideal for those with medium to long-term financial objectives, and allows you to pool your money with other investors so that all participants benefit from the fund management expertise of seasoned fund managers in various portfolios selected by you.
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Why should I choose this plan?
Wakalah Model
Zurich Takaful operates under the principle of Wakalah, whereby the Takaful Operator acts as an agent to the Participant for managing the operations of the Takaful business. A Wakalah Fee will be charged up-front from the contributions paid. Tabarru’ (donation) will be deducted to the PRIA, where it will be used for mutual aid and assistance, based on the concept of TakafuI. The benefits are paid from the PRIA only upon a covered loss, and not upon maturity or surrender of the certificate.Surplus Sharing (if any) at the end of each financial year will be shared between the Participant andZurich TakafuI at 50:50 ratio based on Hibah (gift) contract. The investment profit earned on the PIA is derived from the return on underlying assets and Zurich Takaful charges a Wakalah Tharawat Fee (Fund Management Fee) for managing these assets. The investment risk in PIA is fully borne by the Participant. I00% of investment profit earned, net of tax, less the aforementioned Wakalah Tharawat Fee will remain in the PIA for the benefit of the Participant. There will be no further sharing of the investment profit arising in the PIA with Shareholders.
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What benefits do I get?
Assistance In Times Of Need
Upon death of the participant before the expiry of the certificate term, the greater of Sum Covered or PIA fund value becomes payable. Should Total and Permanent Disability (TPD) strike before the age of 65, the same also becomes payable. The Sum Covered is an amount determined as follows; 130% of the Initial Contribution PLUS 130% of Top-up (at inception only, if any) reduced proportionately by any Partial Withdrawal units made.
Upon Maturity
You will receive the full value of your investment value in PIA, based on the current unit price at the time of maturity.
Easy Withdrawals For Greater Financial Flexibility
The minimum amount you can withdraw is RM500 and this is also subject to a minimum investment balance of RM5,000 maintained in the PIA fund, at any time.
Top-Up anytime that you want
The minimum top-up is RM500.
Choice of funds
Takafulink Single Invest offers a selection of Zurich Takaful Shariah Funds to choose in order to suit the individual's appetite.
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Who is eligible for this plan?
This plan covers anyone from the age of 30 days old up to 69 years old. However, the Participant/Applicant must be at least 18 years old and above.
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What are the fees and charges imposed for this plan?
Wakalah Fee For Initial/Top-up Contributions
i) Below RM1,000,000 = 5.00%
ii) RM1,000,000 & above = 4.75%
Plus, service fee of RM100¹ and RM25¹ for Initial Contribution and Top-up Contributions, respectively.
The allocated 95%* of Initial/Top-up Contributions
Less than RM100/RM25, respectively, is available for investment in the Participant Investment Account.
*For contribution below RM1,000,000Wakalah Tharawat Fee A range of 1.00% - 1.50% per annum, determined based on the weighted average of total gross assets of each Zurich Takaful Shariah Fund. Partial Withdrawal Charge Minimum Withdrawal Amount: RM500
Minimum Investment Balance: RM5,000
Charge per Withdrawal: RM50¹Fund Switching Fee Minimum Switching Amount: RM500
Switching Fee: One free switch is allowed in each certificate year. Subsequent switches will incur fee of RM50¹ per switch.Tabarru’ Based on attained age, sex and Sum Covered. There are no charges on full surrender. Partial withdrawal or full surrender of an investment may be made by redeeming units in PIA. The Surrender Value is the PIA value** plus unearned portion of Tabarru’ less any indebtedness.
** The PIA value will fluctuate based on the underlying performance of Takafulink Single Invest funds and is not guaranteed.The fees & charges are subject to revision from time to time by the Takaful Operator. The Takaful Operator has the right to revise the fees & charges by giving certificate holders 3 months’ notice in writing prior to the certificate anniversary date.
¹ This fee is subject to 6% Goods & Services Tax (GST) effective 1st April 2015. Your obligation to pay GST shall form part of the Terms and Conditions in your Takaful Certificate.
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Where can I get more information?
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Contact us.
Meet a Zurich Takaful Agent
Locate Your Nearest Zurich Branch
Contact our Zurich Call Centre
Zurich Takaful operates under the principle of Wakalah, whereby the Takaful Operator acts as an agent to the Participant for managing the operations of the Takaful business. A Wakalah Fee will be charged up-front from the contributions made. Tabarru’ (donation) will be deducted to the Participant Risk Investment Account (PRIA), where it will be used for mutual aid and assistance, based on the concept of Takaful. The benefits are paid from the PRIA only upon a covered loss, and not upon maturity or surrender of the certificate. Surplus Sharing (if any) at the end of each financial year will be shared between the Participant, and Zurich Takaful at a 50:50 ratio. The investment profit earned on the Participant Investment Account (PIA) is derived from the return on underlying assets and Zurich Takaful charges a Wakalah Bi al-Istithmar Fee (Investment Agency Fee) for managing these assets. The investment risk in PIA is fully borne by the Participant. 100% of investment profit earned, net of tax, less the aforementioned Wakalah Bi al-Istithmar Fee, will remain in the PIA for the benefit of the Participant. There will be no further sharing of the investment profit arising in the PIA with Shareholders.
The benefits payable are protected by PIDM up to limits and the protection on benefits from the unit portion is subject to limitations. Please refer to PIDM TIPS brochure or contact Zurich Takaful Malaysia Berhad or PIDM.
Zurich Takaful beroperasi di bawah prinsip Wakalah di mana Pengendali Takaful selaku agen mengendalikan operasi perniagaan Takaful kepada Peserta. Yuran Wakalah akan dikenakan sekali bersama dengan caruman yang dibuat. Jumlah Tabarru’ akan dimasukkan ke dalam Akaun Pelaburan Risiko Peserta (APRP / Participant Risk Investment Account) di mana ia akan digunakan untuk membantu Peserta lain berdasarkan Konsep Takaful. Manfaat akan dibayar daripada APRP hanya untuk kerugian yang dilindungi, dan bukanlah semasa Sijil matang atau penyerahan Sijil. Lebihan pada setiap akhir tahun kewangan (jika ada) akan dikongsi di antara Peserta dan Zurich Takaful mengikut nisbah 50:50. Keuntungan daripada pelaburan yang diperolehi daripada Akaun Pelaburan Peserta (APP / Participant Investment Account) adalah berdasarkan kepadaaset yang disandarkan dan Zurich Takaful akan mengenakan bayaran Yuran Wakalah Bi al-Istithmar (Yuran Wakil Pelaburan) untuk menguruskan aset tersebut. Risiko pelaburan di dalam APP ditanggung sepenuhnya oleh Peserta. 100% keuntungan pelaburan selepas cukai, tolak Yuran Wakalah Bi al-Istithmar seperti dinyatakan, akan kekal di dalam APP untuk manfaat Peserta. Tiada perkongsian ke atas sebarang keuntungan yang ada di dalam APP dengan pemegang saham.
Manfaat-manfaat yang dibayar adalah dilindungi oleh PIDM sehingga had perlindungan dan perlindungan untuk manfaat daripada bahagian unit adalah tertakluk kepada syarat-syarat tertentu. Sila rujuk Brosur Sistem Perlindungan Manfaat Takaful dan Insurans PIDM atau hubungi Zurich Takaful Malaysia Berhad atau PIDM.